Market Overview:
The global electrically driven compressor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe. Additionally, stringent emission norms are also driving the demand for electrically driven compressors in passenger and commercial vehicles. The global electrically driven compressor market is segmented on the basis of type, application and region. On the basis of type, it is divided into below 25 cc/r, 25 ~ 40 cc/r and above 40 cc/r segments. In terms of application, it is classified into passenger vehicles and commercial vehicles segments.
Product Definition:
An electrically driven compressor is a compressor that is powered by electricity. It is important because it can provide compressed air for a variety of purposes, including manufacturing and construction.
Below 25 cc/r:
Below 25 cc/r is a range where the ratio of flow rate to capacity is less than or equal to 1.2. This condition represents an operating point where the compressor operates at its lowest power and has a very low compression ratio, which results in high efficiency.
25 ~ 40 cc/r:
25 - 40 cc/r is a power ratio used in electrically driven compressors. It is an important factor that affects the performance and reliability of the equipment. The higher the 25 - 40 cc/r, the better will be its performance as it will provide increased throughput at constant pressure.
The compressors with high 25 - 40 cc/r are more efficient than low-ratio ones because they operate at constant volume.
Application Insights:
The market is segmented by application into passenger vehicles and commercial vehicles. The commercial vehicle segment held the largest share of over 70.0% in 2017 owing to the growing demand for electric driven compressors from various industries such as oil & gas, construction, etc. In addition, increasing government funding for promoting fuel efficient technologies is expected to drive the adoption of electric compressors in heavy-duty trucks which will further increase sales volume over the forecast period.
The passenger vehicle application segment is anticipated to witness significant growth during the forecast period due to rising demand from emerging economies such as China, India and Brazil on account of increasing disposable income coupled with improved standard of living among other factors driving consumer preferences towards automobiles resulting in higher sales volumes across all brands globally during recent years.
Regional Analysis:
Europe was the largest market for electric driven compressors, accounting for more than 35% of the global revenue in 2017. The region is characterized by a large number of manufacturers and OEMs involved in R&D activities. Europe has also been one of the early adopters of this technology with most major vehicle manufacturers having some form of electrically driven compressor integration as part of their safety systems. North America is expected to be one among the fastest growing regions over the forecast period owing to increasing demand from end-users such as passenger cars and commercial vehicles along with stringent government regulations regarding fuel emissions coupled with rising consumer awareness about these technologies.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly technologies
- Rising investments in infrastructure development
- Growing popularity of electric vehicles
- Proliferation of data centers and cloud computing
- Development of innovative compressor technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrically Driven Compressor Market Research Report
By Type
Below 25 cc/r, 25 ~ 40 cc/r, Above 40 cc/r
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
BorgWarner, DTAC, Emerson, Mitsubishi Heavy Industries, Panasonic, Toyota Industries Corporation, Valeo, ZF, BorgWarner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electrically Driven Compressor Market Report Segments:
The global Electrically Driven Compressor market is segmented on the basis of:
Types
Below 25 cc/r, 25 ~ 40 cc/r, Above 40 cc/r
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BorgWarner
- DTAC
- Emerson
- Mitsubishi Heavy Industries
- Panasonic
- Toyota Industries Corporation
- Valeo
- ZF
- BorgWarner
Highlights of The Electrically Driven Compressor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 25 cc/r
- 25 ~ 40 cc/r
- Above 40 cc/r
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrically Driven Compressor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electrically driven compressor is a type of compressor that uses electricity to power its fan and motor. This type of compressor is often used in industrial applications, such as manufacturing and processing plants.
Some of the major companies in the electrically driven compressor market are BorgWarner, DTAC, Emerson, Mitsubishi Heavy Industries, Panasonic, Toyota Industries Corporation, Valeo, ZF, BorgWarner.
The electrically driven compressor market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrically Driven Compressor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrically Driven Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrically Driven Compressor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrically Driven Compressor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrically Driven Compressor Market Size & Forecast, 2018-2028
4.5.1 Electrically Driven Compressor Market Size and Y-o-Y Growth
4.5.2 Electrically Driven Compressor Market Absolute $ Opportunity
Chapter 5 Global Electrically Driven Compressor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electrically Driven Compressor Market Size Forecast by Type
5.2.1 Below 25 cc/r
5.2.2 25 ~ 40 cc/r
5.2.3 Above 40 cc/r
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrically Driven Compressor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electrically Driven Compressor Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrically Driven Compressor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrically Driven Compressor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electrically Driven Compressor Analysis and Forecast
9.1 Introduction
9.2 North America Electrically Driven Compressor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electrically Driven Compressor Market Size Forecast by Type
9.6.1 Below 25 cc/r
9.6.2 25 ~ 40 cc/r
9.6.3 Above 40 cc/r
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electrically Driven Compressor Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electrically Driven Compressor Analysis and Forecast
10.1 Introduction
10.2 Europe Electrically Driven Compressor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electrically Driven Compressor Market Size Forecast by Type
10.6.1 Below 25 cc/r
10.6.2 25 ~ 40 cc/r
10.6.3 Above 40 cc/r
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electrically Driven Compressor Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electrically Driven Compressor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrically Driven Compressor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electrically Driven Compressor Market Size Forecast by Type
11.6.1 Below 25 cc/r
11.6.2 25 ~ 40 cc/r
11.6.3 Above 40 cc/r
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electrically Driven Compressor Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electrically Driven Compressor Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrically Driven Compressor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electrically Driven Compressor Market Size Forecast by Type
12.6.1 Below 25 cc/r
12.6.2 25 ~ 40 cc/r
12.6.3 Above 40 cc/r
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electrically Driven Compressor Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electrically Driven Compressor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrically Driven Compressor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electrically Driven Compressor Market Size Forecast by Type
13.6.1 Below 25 cc/r
13.6.2 25 ~ 40 cc/r
13.6.3 Above 40 cc/r
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electrically Driven Compressor Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrically Driven Compressor Market: Competitive Dashboard
14.2 Global Electrically Driven Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BorgWarner
14.3.2 DTAC
14.3.3 Emerson
14.3.4 Mitsubishi Heavy Industries
14.3.5 Panasonic
14.3.6 Toyota Industries Corporation
14.3.7 Valeo
14.3.8 ZF
14.3.9 BorgWarner
